INDIA: Maruti plans altered product mix to protect margins - report
India's top car maker Maruti Udyog plans to alter its product mix in a bid to protect its margins, the firm's chief said on Wednesday, according to Reuters. In response to a question on how a recent price cut of its Alto compact car would affect operating margins, managing director Jagdish Khattar reportedly said: "It doesn't matter, it's a long term strategy. Some balancing we can always do and margins can come from other products. We have that flexibility."
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